International trade workshop - Methods of payment

Overview
This introductory covers the five main types of payment for International Trade including Cash in Advance, Letters of Credit, Documentary Collections, Open Account and Consignment and the risks associated with each. It is designed for those working in international trade who are involved in managing overseas payments or wish to gain a clearer understanding of the different payment methods available.

On completion of the course, delegates will know how to ensure smooth and secure transactions between their business and international customers.

Course Content & Agenda:
The session will provide an overview of the principal methods of payment used in international trade, outlining the associated risks and advantages of each. Delegates will also consider which options are most appropriate in different trading scenarios and review the documentation required.

Course Contents:
• Identification of types of International Payment methods
• Examination of documents required
• Types and levels of security
• What can go wrong?
• Top tips for success every time UCP600/ISBP
• Changes coming in 2026
• Sources of help and advice

Who Should Attend:
International trade and finance administrators and managers, contract managers, and those setting policies for payment terms with suppliers and customers. This is also an excellent refresher for those already working in International Trade and for those going into new territories. Essential learning for accounts, export, and sales teams.

Training Methods:
The trainer will use oral and visual presentation, reference to fictitious and real examples and participatory exercises to illustrate course content. The delegates will receive copies of the presentation on which notes can be made together with a workbook for future reference.

This online workshop will be delivered by International Trade Matters Ltd. 

 
International Trade Matters Ltd offers international trade consultancy and training across sectors, geographies, and disciplines.  We are the leading independent consultancy for International Trade offering expert advice and support to companies engaged, or interested in, overseas connections or business.  With a raft of super specialists and trainers covering Somerset and beyond we offer expert advice and training on new markets, compliance and international marketing strategies, we also offer bespoke packages designed to provide value and satisfaction.



Somerset Chamber of Commerce is operating a cancellation policy in line with our terms and conditions which can be found here: https://www.somerset-chamber.co.uk/terms-conditions/